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Aug 26, 2009
08/09
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thank you for joining us. first of all, what is it exactly that you think that they did that could be approaching something illegal here? >> we don't know what they did. what is reported is that they provided in the so called huddles information that was passioned on to their preferred clients. just six years ago the largest firms degreed to pay 1 hpt $3 billion to settle allegations of bad or faulty research analysis designed to market certain issues. it seems as if some of these bad habits have not been eradicated. goldman sachs was one of those firms. whenever you have a situation where certain customers are given preferred status over other investor that is a problem. investors should not be treated differently. we're very concerned about this preferential treatment and that the information given out was consistent with the general recommendations of the firm. >> a security law professor at georgetown said they're sharing their own prichtd assessment of short term movements with clients, it's not based on
thank you for joining us. first of all, what is it exactly that you think that they did that could be approaching something illegal here? >> we don't know what they did. what is reported is that they provided in the so called huddles information that was passioned on to their preferred clients. just six years ago the largest firms degreed to pay 1 hpt $3 billion to settle allegations of bad or faulty research analysis designed to market certain issues. it seems as if some of these bad...
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Aug 2, 2009
08/09
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this is helpful for us. >> excellent. thank you so much. please keep us posted. we want to know who you end up with. thank you kelly campbell "fire your broker." kelly and john will join us later in the show. stay tuned. i want to help you with your debt and get you the credit score you deserve. we've got much, much more right after this. >>> next -- thieves stealing card numbers caught in the act. >> i felt like he was robbed. not much else they can do. they can do whatever they want when they get the p.i.n. number. >> are you a hybrid or diesel? we'll rundown the pros and cons of each. you don't want to miss this. >> a thrill an honor to be back on with the hot money momma, believe me. one of the first viewers we helped. tonight he's back. find out if he listened to our advice. undefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on
this is helpful for us. >> excellent. thank you so much. please keep us posted. we want to know who you end up with. thank you kelly campbell "fire your broker." kelly and john will join us later in the show. stay tuned. i want to help you with your debt and get you the credit score you deserve. we've got much, much more right after this. >>> next -- thieves stealing card numbers caught in the act. >> i felt like he was robbed. not much else they can do. they can...
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Aug 20, 2009
08/09
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>> they're watching us. come take a look around. >> that is cool. >> we have three rows of people who are actually watching us do all this stuff. and look at all the -- wow. you would not believe what you can see on some of these screens. i see other people getting ready for other showings. it's worth checking out, joe. >> are they doing our show? >> yes. >> the people who tell you to wrap -- >> yeah, now i know what you mean. well, come back. >> i'm hurrying. go ahead. >> it's all men here. not that there's anything wrong with that. >> peeking of which our guest host is donald marin, ceo of lightyear. joining us, robert albert son, former goldman head of bank research. nice to see you. now that we've unlocked the mysteries of television. what strikes you as most interesting this week? it's been -- we're in a volume-thin environment but the news flow is nothing like summers we've seen in the past, right? >> not at all. a few guys seem so happy, it's a sign of optimism. the market must be up today. >> yeah. i
>> they're watching us. come take a look around. >> that is cool. >> we have three rows of people who are actually watching us do all this stuff. and look at all the -- wow. you would not believe what you can see on some of these screens. i see other people getting ready for other showings. it's worth checking out, joe. >> are they doing our show? >> yes. >> the people who tell you to wrap -- >> yeah, now i know what you mean. well, come back. >>...
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Aug 7, 2009
08/09
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he joins us. richard, it's a pleasure to have you with us. >> great to be here. >> you're in the midst of a multi-year turn-around. what is clicking this year that is sending the stock higher? the loosening of the credit markets, the theaters finally having the ability to lay out the cash for your technologies? >> it's the network effect. if you have more screens, you can get more movies. if you can get more movies and better movies, you can get higher revenues per screen. the closest analogy would be an hbo. it has a fixed cost of revenues and as they get more subscribers, it becomes more profitable. we finally have enough theaters where we can get the really good movies and the really good movies are playing well at the theaters. >> in the second quarter, you signed seven deals. then you signed another eight. how sticky are those deals? in other words, if the economy takes a downturn, if the theaters see demand cool off, are they able to cancel those deals with you? >> they're not. but as a prac
he joins us. richard, it's a pleasure to have you with us. >> great to be here. >> you're in the midst of a multi-year turn-around. what is clicking this year that is sending the stock higher? the loosening of the credit markets, the theaters finally having the ability to lay out the cash for your technologies? >> it's the network effect. if you have more screens, you can get more movies. if you can get more movies and better movies, you can get higher revenues per screen. the...
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Aug 29, 2009
08/09
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thank you for joining us, both will be back later. right now, we're going to senator john mccain addressing a crowd at the memorial for senator kennedy. >> after we both were satisfied and had sufficiently impressed upon each other the particulars of proper senatorial comportment, we ended our discussion and returned to the business that had brought us to the chamber in the first place. i'm happy to report we succeeded in discouraging our colleagues from continuing their intemperament argument. they both deserted the chamber i was later told for i didn't notice their escape rather puzzled if not frightened looks on their faces. [ laughter ] >> when i next saw ted amling down the senate corridor, he was bellowing laughter, that infectious laugh of his that could wake the dead and cheer up the most beleaguered soul. he was good company, excellent company. i think i'm going to miss him more than i can say. we disagreed on most issues, but i admitted -- but i admired his passion for his convictions, his patience with the hard and sometime
thank you for joining us, both will be back later. right now, we're going to senator john mccain addressing a crowd at the memorial for senator kennedy. >> after we both were satisfied and had sufficiently impressed upon each other the particulars of proper senatorial comportment, we ended our discussion and returned to the business that had brought us to the chamber in the first place. i'm happy to report we succeeded in discouraging our colleagues from continuing their intemperament...
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Aug 6, 2009
08/09
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as we look to the future, they'll be there ahead of us, lights on, showing us the way forward. this is just the beginning of the reinvention of business. and while we're sure we don't know all the answers, we do know one thing for certain, we want to help. come see what the beginning looks like at openforum.com >>> the top spot is goldman sachs traders. according to a new report, they had a record 46 100 million trading days in the second quarter break record, a high of 34 days. goldman made at least $50 million. 89% of the trading days. >> like groundhog day. >> a quick programming note. do not miss ken, larry's guest at 7:00 p.m. tonight. final trade? >> we talked a lot about the short squeeze. look at when it is over and play from the short side. >> do you like the cell phone world? >> thanks for watching. tomorrow back here 5:00 p.m. eastern for more "fast money." ] introducing a revolution in stain removal. new tide stain release. it's an advanced in-wash booster that works with your detergent to help remove the toughest stains the first time. new tide stain release. avail
as we look to the future, they'll be there ahead of us, lights on, showing us the way forward. this is just the beginning of the reinvention of business. and while we're sure we don't know all the answers, we do know one thing for certain, we want to help. come see what the beginning looks like at openforum.com >>> the top spot is goldman sachs traders. according to a new report, they had a record 46 100 million trading days in the second quarter break record, a high of 34 days....
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Aug 20, 2009
08/09
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thanks so much for joining us, getting up early this morning and joining us from stanford. robert is the chief market strategist at banyon partners. one quick look at futures, continuing to show a nice bounce at the open if those jobless claims come in. that's it for us. ladies, it's been wonderful working with you this week. i am off on holiday. >> lucky, lucky you. i'm becky meehan in europe. >> have a great holiday, bertha. i'm christine tan here in asia. welcome to progressive.com. you must be looking for motorcycle insurance. you're good. thanks. so is our bike insurance. all the coverage you need at a great price. hold on, cowboy. cool. i'm not done -- for less than a dollar a month, you also get 24/7 roadside assistance. right on. yeah, vroom-vroom! sounds like you ran a 500. more like a 900 v-twin. excuse me. well, you're excused. the right insurance for your ride. now, that's progressive. call or click today. ♪ well i was shopping for ♪ which one's me - a cool convertible or an suv? ♪ ♪ too bad i didn't know my credit was whack ♪ ♪ 'cause now i'm drivin
thanks so much for joining us, getting up early this morning and joining us from stanford. robert is the chief market strategist at banyon partners. one quick look at futures, continuing to show a nice bounce at the open if those jobless claims come in. that's it for us. ladies, it's been wonderful working with you this week. i am off on holiday. >> lucky, lucky you. i'm becky meehan in europe. >> have a great holiday, bertha. i'm christine tan here in asia. welcome to...
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Aug 26, 2009
08/09
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i think it's useful. i think it's more telling about the past rather than telling us about the future. >> what do you think actually pushed forward, a temporary programs like cash for clunkers, tax rebates, buying homes. all these things are great while they last but after that what happens? >> sure. some things like stock market moving up make people more comfortable. that's more telling about what's going to happen in the past than the future. we walk into this building every day. immediately we hear there are no signs of inflation, right? home prices are moderating. confidence improving, rally continues. someone walks in prime mortgage going to be a problem, commercial real estate a problem, inflation will come. do you think the rifbs right now relative to the signs of stabilization that we're seeing, which is the heavier? >> i think we've got to get economic stabilization together. we're still in a fragile situation. i think we're seeing lots of signs of recovery and could get a strong recovery. but f
i think it's useful. i think it's more telling about the past rather than telling us about the future. >> what do you think actually pushed forward, a temporary programs like cash for clunkers, tax rebates, buying homes. all these things are great while they last but after that what happens? >> sure. some things like stock market moving up make people more comfortable. that's more telling about what's going to happen in the past than the future. we walk into this building every day....
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Aug 29, 2009
08/09
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we should note that dan is on vacation but he did manage to send us a postcard to keep us updated on the trade. now we know what dan did and what he's doing right now. mike, what did you do? >> my trade was simpler at the outset and the answer is simpler, i'm going to sell the call and collect my earnings. >> get a question, send us an e-mail. i do read every e-mail. go to optionsaction.cnbc.com, your chance to ask a question and our chance to educate you, that is right after the show. >>> time now for the final call, the last word from the options pit. stacey, kick it off. >> heading into same-store sales next week i think the jcpenney options are offering attractive opportunities to protect long share gains for shareholders. >> keep it a merry christmas, look at the put three play, i put that on for protection. >> scott? >> i like the fact that stacey's jcpenney collar pays attention to the term structure so if i'm long jcpenney i'm going to put the trade on. >> mike? >> i'm also looking at jcpenney but look at the zero cost collar, a strategy anyone can apply at any stock when
we should note that dan is on vacation but he did manage to send us a postcard to keep us updated on the trade. now we know what dan did and what he's doing right now. mike, what did you do? >> my trade was simpler at the outset and the answer is simpler, i'm going to sell the call and collect my earnings. >> get a question, send us an e-mail. i do read every e-mail. go to optionsaction.cnbc.com, your chance to ask a question and our chance to educate you, that is right after the...
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Aug 19, 2009
08/09
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good to have you with us. appreciate you taking the time. >> pleasure to be here, erin. >> slashing prices. you know, some people might say, gosh, people do that when they're very worried and desperate. you're going to say instead of a position of gaining strength, make your case. >> well, we've done this two generations in a row now with the original playstation and playstation 2. we sold 24 million playstation 3s. we achieved production milestones that have allowed us to pass those savings on to consumers. great news for consumer. >> mr. tretton, right now we have breaking headlines. brian? >> looks like we have build of 2 1/2 million barrels in crude and a drive down of 1 million in gas. so we have new numbers. whoa, it just rolled over. we have a drawdown of 8.4 million barrels in crude. gas drawdown of 2.1 million. and distillates drawdown of 700,000 barrels. we are now up $1.40. we were dealing with equities and dollar and now dealing with the ati giving us a signal of expectation because build and we ha
good to have you with us. appreciate you taking the time. >> pleasure to be here, erin. >> slashing prices. you know, some people might say, gosh, people do that when they're very worried and desperate. you're going to say instead of a position of gaining strength, make your case. >> well, we've done this two generations in a row now with the original playstation and playstation 2. we sold 24 million playstation 3s. we achieved production milestones that have allowed us to...
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Aug 11, 2009
08/09
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or cialis for daily use. ask your doctor about cialis today, so when the moment is right, you can be ready. ♪ >>> congress, backing down tonight on its plan, its tone-deaf plan to buy a bunch of new executive jets at a time when government runs a massive deficit. brad sherman, a california democrat was the man who chastised auto executives for having private jets when they went to ask for a private bailout, and he is one of main backers of the jets for congress program. what's good for the goose, you know? let's bring the real dealers back. got to tell you, guys. i just cannot even believe they dared authorize $550 million for eight jets.. now the reports are they will spend $220 million instead on four jets. julie, even a democrat-loving liberal like you has to be outraged by the tone deafness of this for doing this. >> yes. i am outraged, as a matter of fact. >> wow. >> yes. they are tone deaf, and brad sherman is right to ask the question of the auto ceos and he is equally not to vote for this legislatio
or cialis for daily use. ask your doctor about cialis today, so when the moment is right, you can be ready. ♪ >>> congress, backing down tonight on its plan, its tone-deaf plan to buy a bunch of new executive jets at a time when government runs a massive deficit. brad sherman, a california democrat was the man who chastised auto executives for having private jets when they went to ask for a private bailout, and he is one of main backers of the jets for congress program. what's good...
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Aug 13, 2009
08/09
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that tells us how much the factories are using. it dipped down to 68%, the lowest in the history since 1967. what's interesting about this stat is that since 1967 in every single recession, an upturn in capacity utilization marked the end of the recession. tomorrow if we see an upturn in utilization, we are probably near the end. within about to three months if you look at the history, in that case you want to start buying stock. markets up 50%. i don't want to load the boat here, but look at names that may be haven't participated. >> your name in particular is north american gal zanizing. >> north american galvanizingal. they do the same thing. they are steel fabricators. what they do is make all the pieces and productions that go into the infrastructure and looking at the stimulus kibing in in 2010. that's what they do. not only that, they are based in the u.s. they fit in under the buy american clause. they should benefit as the stimulus kicks in. >> even if we are not building skyscrapers, you may build bridges. >> whatever it
that tells us how much the factories are using. it dipped down to 68%, the lowest in the history since 1967. what's interesting about this stat is that since 1967 in every single recession, an upturn in capacity utilization marked the end of the recession. tomorrow if we see an upturn in utilization, we are probably near the end. within about to three months if you look at the history, in that case you want to start buying stock. markets up 50%. i don't want to load the boat here, but look at...
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Aug 23, 2009
08/09
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the thing about mike's trade, i risked less, i was a tactical trade, using an organ up here, he was using an organ kind of below the belt. >> what organ are you talking about? >> wait a second as far as the risk is concerned, risk less on an absolute basis. if the stock stayed exactly still i was going to make money and you weren't. so part of it is the risk/reward relationship, the thing you want to pay attention to, not just what absolute risk but what the likelihood is. that's one of the reasons i implemented the trade i did. >> stacey, which organ was mike using? >> i think he was using his brain on this one. i liked both trades. congratulations to both guys here. to dan's trade i liked his point once he blew through the strike. to mike's point, you probably could have chosen any point this week to sell out of that option if you wanted to. >> send us an e-mail, optionsax@cnbc.com, go to our website optionsactions@cnbc.com, right after the show. >>> time for the "final call" last word from the options pit. scott, kick it off. >> i'll watch volume and volatility. last week in august f
the thing about mike's trade, i risked less, i was a tactical trade, using an organ up here, he was using an organ kind of below the belt. >> what organ are you talking about? >> wait a second as far as the risk is concerned, risk less on an absolute basis. if the stock stayed exactly still i was going to make money and you weren't. so part of it is the risk/reward relationship, the thing you want to pay attention to, not just what absolute risk but what the likelihood is. that's...
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Aug 13, 2009
08/09
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you should take us out and give us a couple of lessons, right? >> we could -- >> yeah. >> i seriously wish i knew how to play golf. >> do you know what golf stands for? >> gentlemen only ladies forbidden. >> no, i would not fever say th >> i learn that from you. >> that's awful. strike that from the record. >> i learn that from you. what does it stand for? >> how many town halls can we watch where the death panels get all the attention, right? it's actually this provision in one of the house bills where medicare would be authorized to reimburse doctors who counsel patient on end of life if, in fact, the patients want it. it's been inflated to mean a lot more than that. it does point to american's fear about government, involved. the journal has a piece, why is this in there any way? it's a third of spending. the hope is if this were in place you wouldn't be doing the wasteful spending in the last year of life. >> it's impossible to talk about it. rum rahm emanuel has at least rac raised the issue, you have someone with dementia than someone very
you should take us out and give us a couple of lessons, right? >> we could -- >> yeah. >> i seriously wish i knew how to play golf. >> do you know what golf stands for? >> gentlemen only ladies forbidden. >> no, i would not fever say th >> i learn that from you. >> that's awful. strike that from the record. >> i learn that from you. what does it stand for? >> how many town halls can we watch where the death panels get all the...
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Aug 21, 2009
08/09
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. >> lucky us. it's great to see pup. >> cute cue r girl. >> former secretary tom ridge says he resisted the apparent effort to influence the vote to raise the terror alert level and then attorney general john ashcroft. >>> after serving just eight years of a life sentence for the death of 50 passengers for the bombing of pan am fly, abdul was released. this has triggered outrage among the bombings killed at lockerbie, scotland. >>> brad pitt teams up in a movie that follows a squad of eight violently vengful jewish american soldiers in nazi occupied france. >>> you know what i'm having fufun doing today, carl? inglorious -- >> it's the little things. >> and alex, the good things about getting up early is you can say it a whole bunch of time and nobody can say anything. >> believe me, i happen, i'm going to get it. >> good morning, good to see you. >> bye, you too, guys. >>> when we come back, we'll treat mike holland for a trip to the chairs. later, the pulse of the american consume perpendicular w
. >> lucky us. it's great to see pup. >> cute cue r girl. >> former secretary tom ridge says he resisted the apparent effort to influence the vote to raise the terror alert level and then attorney general john ashcroft. >>> after serving just eight years of a life sentence for the death of 50 passengers for the bombing of pan am fly, abdul was released. this has triggered outrage among the bombings killed at lockerbie, scotland. >>> brad pitt teams up in a...
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Aug 26, 2009
08/09
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us. confused? our task force is going to break it down for you. Ñ>Ñ> >>> speaking to mary thompson at hq. what's on your radar? >> they're having a impact on the trade. dollar tree is higher than much strocker than expected unexpected results. the discounter coming in at 63 cents a share. stores have been open more than a year. analysts had profits of 54 cents a share. the retailer also raising the full-year view to 3.10 to 3.25 a share. turning to charming shop, it is called lower. the retailer a par real for plus-size women recording profits of three cents a share. >>> hanes is the largest retailer of organic foods. loweren the outlook for the current fiscal year. earnings excluding that at 28 cents a share. four cents below estimates to $262 million. analysts were looking for sales of $287 million. turning to dsw, the operator of designer shoe warehouses. it is unchanged in the premarket after reporting a 31% decline in second quarter profits. still earnings of 17 cents a share c
us. confused? our task force is going to break it down for you. Ñ>Ñ> >>> speaking to mary thompson at hq. what's on your radar? >> they're having a impact on the trade. dollar tree is higher than much strocker than expected unexpected results. the discounter coming in at 63 cents a share. stores have been open more than a year. analysts had profits of 54 cents a share. the retailer also raising the full-year view to 3.10 to 3.25 a share. turning to charming shop, it...
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Aug 20, 2009
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thanks for joining us. are endowments like yours and others over-committed to private equity. >> i think there is a systemic over-commitment through the system. i think it's a result basically of institutions getting hooked on above-market returns and also the institution used to getting a lot of gifts in from donors. and people forgot about liquidity. so it's a temporary slow-down but not a retreat. i think the lack of liquidity reads crisis proportions at the end of last year. and now institutions have a situation where they're not getting the exit strategies and they're not getting the gifts in the door, so they have to rethink temporarily what they're going to do. but i don't see this as a permanent retreat. >> you don't see it as permanent retreat, yet i have heard stories of endowments that essentially sold their commitments at steep discounts or simply been unable or perhaps unable to meet their commitment when the funding is asked for by these private equity firms. >> you have two things. in the hed
thanks for joining us. are endowments like yours and others over-committed to private equity. >> i think there is a systemic over-commitment through the system. i think it's a result basically of institutions getting hooked on above-market returns and also the institution used to getting a lot of gifts in from donors. and people forgot about liquidity. so it's a temporary slow-down but not a retreat. i think the lack of liquidity reads crisis proportions at the end of last year. and now...
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Aug 22, 2009
08/09
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is he better than us? uh, i mean, i mean i feel like it took you like three times longer to do whatever he did... dude, dude, he's got...these -- like -- microscrubbers... yeah, i guess... magic man. he's a magic man. what? i just want to be squeezed. [ male announcer ] remove three times more grime per swipe and get this unbeatable clean guaranteed or your money back with the mr. clean magic eraser. call or click today. >>> where were options traders pumping up the volume this week? take two interactive. call activity in the video game maker was four times the average volume. >>> welcome back to "options action," winners are always nice, but how about two winners? yes, time for the up side call times two. you heard dan and mike go at it over dell, well last friday they went to duke it out over a retail name and came up on target. on "options action," we're looking for ways to make money and last week dan and mike were bullish on target and both made money, but that's where the similarities ended. dan went
is he better than us? uh, i mean, i mean i feel like it took you like three times longer to do whatever he did... dude, dude, he's got...these -- like -- microscrubbers... yeah, i guess... magic man. he's a magic man. what? i just want to be squeezed. [ male announcer ] remove three times more grime per swipe and get this unbeatable clean guaranteed or your money back with the mr. clean magic eraser. call or click today. >>> where were options traders pumping up the volume this week?...
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Aug 27, 2009
08/09
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stay with us at 4:00 p.m. eastern. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and reduced their blood sugar 5 times more than those on a hospital-directed plan. plus a1c was reduced .9%. choose from over 140 menu options, there is no counting carbs, calories or points. i lost 100 lbs. and lowered my blood sugar level. nutrisystem d changed my life. mike is one of many who have lost weight and controlled their diabetes with new nutrisystem d. backed by 35 years of research and low glycemic index science nutrisystem d works. satisfaction guaranteed or your money back! new! nutrisystem d. lose weight. live better. call or click today. >>> welcome bac
stay with us at 4:00 p.m. eastern. finally, good news for people with type 2 diabetes or at risk for diabetes. introducing new nutrisystem d, the clinically tested program for losing weight and reducing blood sugar. hi i'm mike, and i lost 100 pounds on nutrisystem d when i was first diagnosed with diabetes, that first step was more like a giant leap. till i discovered nutrisystem d. in a clinical study people on nutrisystem d lost 16 times more weight and reduced their blood sugar 5 times more...
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Aug 19, 2009
08/09
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announcer: cialis for daily use or 36-hour cialis. ask your doctor if cialis is right for you, so when the moment is right, you can be ready. >>> we have more details about the breaking news we told you just before the break. the deficit will be cut for 2009 by $260 billion to $1.58 trillion. there's a reason for that. apparently, they have scrapped contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry. once again, the deficit is going to be reduced in 2009 to only $1.58 trillion that is a reduction of $262 billion less than what they had forecast in may. the reason is they are scrapping contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry. let's talk more about this to our two guests we have standing by for health care debate. mark walsh, founding ceo of air america and the radio show "left jab" and syndicated columnist, jerry bowyer. good to see you. mark, what about you? what about the fact the deficit is going down because we're
announcer: cialis for daily use or 36-hour cialis. ask your doctor if cialis is right for you, so when the moment is right, you can be ready. >>> we have more details about the breaking news we told you just before the break. the deficit will be cut for 2009 by $260 billion to $1.58 trillion. there's a reason for that. apparently, they have scrapped contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry. once again, the deficit is going...
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Aug 16, 2009
08/09
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but not curing what ails us. vehicle production was up for month of july and picking up even more on the heels of the cash for clunker program which is more than we got out of $150 billion in tax rebates a little over a year ago. we spent that money filling up the gas tanks rather than stimulating the production, so this program is at least giving us a bang for the dollar in terms of production. >> and mike, the stock market has performed in a great way since the march 9 lows. too much too soon? due for more correction or what do you think? >> well, both. we came from such lows in mar thatch a snap-back rally was inevitable. the market stalled in june and late may when it needed firm economic underpinnings to keep going and it was whether it was a bear market rally or sustainable bull market. what we saw the with q2 earnings coming out this summer is that they were better than expected as a general rule and that gave us firm underpinnings for the rally we had for the summer. going forward, we need to see more of
but not curing what ails us. vehicle production was up for month of july and picking up even more on the heels of the cash for clunker program which is more than we got out of $150 billion in tax rebates a little over a year ago. we spent that money filling up the gas tanks rather than stimulating the production, so this program is at least giving us a bang for the dollar in terms of production. >> and mike, the stock market has performed in a great way since the march 9 lows. too much...
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Aug 26, 2009
08/09
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tell us about it. why -- the sponsorship with barclays, your relationship with bob. >> well, maria, first of all, back to liberty national, you're looking at two members here. so we're biased. we love this golf course. it's a 15-minute ferry ride from manhattan. and it's so nice for us to be able to come here and stay in manhattan. and as far as my golf game, i'm trying to get it sharp here because we start our big stretch here with the playoff right here at the barclays. i've been lucky to have a relationship with barclays the last few years, and this event right here is one of the premier events that we have on the pga tour, and i'm proud to be part of it. >> so phil, how do you prepare for this? this is a big event for you, i know. >> yeah, well, we practice hard. i had last week off and went and saw butch harmon in las vegas, who's my swing instructor, and tried to get my golf swing down because ball strikingwise this is one of the most demanding golf courses that we play on tour, yet it's one of t
tell us about it. why -- the sponsorship with barclays, your relationship with bob. >> well, maria, first of all, back to liberty national, you're looking at two members here. so we're biased. we love this golf course. it's a 15-minute ferry ride from manhattan. and it's so nice for us to be able to come here and stay in manhattan. and as far as my golf game, i'm trying to get it sharp here because we start our big stretch here with the playoff right here at the barclays. i've been lucky...
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Aug 27, 2009
08/09
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phil is joining us to show us the unusual leaders. >> have you heard this story? ben bernanke was one of hundreds of victims of an identity fraud ring that stole nearly $2 billion. this is out of oliver twist. the bank sheet was entangled after a thief stole his wife's purse right out of her hand in august last year and they began cashing the checks on the family's bank account. didn't they read the name? how many bernankes can there be? he is out with a statement saying identity theft is a serious crime that affects millions of americans each year. our family was but one of 500 separate incidences traced to this crime ring. he said i am grateful for the law enforcement officer who is worked to solve and prevent these financial crimes. it can happen to the chairman of the federal reserve board, it can happen to anybody. >> it is amazing. they were so stupid, they didn't have a different name. >> they caught the bad guys and the ring is put to bed now. >> he won't have as much trouble untangling as many do. >> he has firsthand knowledge. >> let's get to the market
phil is joining us to show us the unusual leaders. >> have you heard this story? ben bernanke was one of hundreds of victims of an identity fraud ring that stole nearly $2 billion. this is out of oliver twist. the bank sheet was entangled after a thief stole his wife's purse right out of her hand in august last year and they began cashing the checks on the family's bank account. didn't they read the name? how many bernankes can there be? he is out with a statement saying identity theft is...
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Aug 13, 2009
08/09
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thanks for joining us. pleasure to have you here on set live. >> we forgot to talk about -- >> i think that was a bigger part of the rally today. this is a very smart woman who's taken the job and knows probably better than paulson does what this bank looks like. i thought that was impressive. >>> time now for today's edition of "pops and drops." we kick it off with the pops for alcoa. it was up 6%. >> again, aluminum prices up 3%. this is a great stock. the frprices can go higher. >> monsanto was a pop. >> it normally does give them a pop. it gave them a pop. they've had a lot of pressure. >> we've got a drop here for aap, down 5%. >> sooner or later, this was coming. four times as much as the average daily volume. you've got to get it to the sidelines on aap quickly. >> copper urban outfitters, it was up 3%. >> the earnings were pretty good. came in higher than the street was expecting. this one is not for me. too e pensive. it's exactly the kind of thing i'm short. >> we've got a drop here for the beer t
thanks for joining us. pleasure to have you here on set live. >> we forgot to talk about -- >> i think that was a bigger part of the rally today. this is a very smart woman who's taken the job and knows probably better than paulson does what this bank looks like. i thought that was impressive. >>> time now for today's edition of "pops and drops." we kick it off with the pops for alcoa. it was up 6%. >> again, aluminum prices up 3%. this is a great stock. the...
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Aug 12, 2009
08/09
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or cialis for daily use. ask your doctor about cialis today, so when the moment is right, you can be ready. >>> internet tsunami beckons. i always like to say there's a bull market somewhere and i'll try to find it for you. i'm jim cramer. see you tomorrow. i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook
or cialis for daily use. ask your doctor about cialis today, so when the moment is right, you can be ready. >>> internet tsunami beckons. i always like to say there's a bull market somewhere and i'll try to find it for you. i'm jim cramer. see you tomorrow. i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis,...
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Aug 3, 2009
08/09
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but cash for clunkers put us over the top. lots of traffic and lots of sales at ford and lincoln mercury stores in that last week. >> so george -- >> reporter: george, the big question is whether or not this is sustainable. is this a sugar high, a one time bring in the buyers, you're stealing from the future, or are we looking at something here where we see a turning of the market where consumers are going to come back into showrooms? >> well, i do think there's some la late demand, phil. demand for new cars and trucks is well below just replacement demand. and so what we think happened is that people that were driving, for example, ford explorers that they had purchased in the '90s took this opportunity, took out some insurance on higher fuel prices and our estimate, phil is that in addition to the $4,500 that they might have saved on the new vehicle purchase trading an explorer for a focus or a fusion that the annual gasoline savings to these consumers is in the $1,500 range on an annual basis. so this is not going to have o
but cash for clunkers put us over the top. lots of traffic and lots of sales at ford and lincoln mercury stores in that last week. >> so george -- >> reporter: george, the big question is whether or not this is sustainable. is this a sugar high, a one time bring in the buyers, you're stealing from the future, or are we looking at something here where we see a turning of the market where consumers are going to come back into showrooms? >> well, i do think there's some la late...
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Aug 17, 2009
08/09
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that's going to be the key driver for us of. . the worst is behind us. the march lows, that's the worst, we're going to have sluggish growth until the consumer starts spending again. the big pullback, consumer, confidence and china. maybe people thought china would run us out of this recession, and i think the numbers speak for themselves. we have been talking on this show that china is a house of cards, waiting to fall. you know, the banks have overleveraged themselves, the local banks, to the companies there, the exporters. the exporters are facing contracting markets. consumers are not spending enough. so china is not going to lead us out of this recession. con spumer spending will. >> china a house of cards waiting to fall. do you agree with that? >> i think when you look at the shanghai composite, it swings around like a rag doll. you look at it now, we have a 18% pullback in the china market. to me, that doesn't seem like a huge deal. yes, it was one of the components in causing our little correction that's beginning now, but we were due for a corr
that's going to be the key driver for us of. . the worst is behind us. the march lows, that's the worst, we're going to have sluggish growth until the consumer starts spending again. the big pullback, consumer, confidence and china. maybe people thought china would run us out of this recession, and i think the numbers speak for themselves. we have been talking on this show that china is a house of cards, waiting to fall. you know, the banks have overleveraged themselves, the local banks, to the...
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Aug 13, 2009
08/09
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stay with us. will the consumer go back to paying full price, that's our question, or are we going to remain here a discount nation? we want to bring in stacy witlet's retail analyst. stacy, good to see you. basically, we're seeing this real fundamental shift in consumer behavior. i'm kind of of the belief that americans are very optimistic, and as soon as things start to change, their consumer behavior will start to change with it. what's your take, though? do you think these are new sales tactics that people are going to come to expect in the future? >> i would disagree. i think frugal is here to stay. i think the one interesting thing about this environment is that it's sort of forced the consumer to go out and say, hey, i've been overpaying. and if i actually open up my eyes and look around, i can get great value. whether that's my food, my clothes or my handbag. and i think that's -- >> and something that will really last. even if five years from now we're in a very, very different economic en
stay with us. will the consumer go back to paying full price, that's our question, or are we going to remain here a discount nation? we want to bring in stacy witlet's retail analyst. stacy, good to see you. basically, we're seeing this real fundamental shift in consumer behavior. i'm kind of of the belief that americans are very optimistic, and as soon as things start to change, their consumer behavior will start to change with it. what's your take, though? do you think these are new sales...
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Aug 16, 2009
08/09
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lauren fix joins us and gives us the edge. the car coach. lauren, listen, you say you've got to know what the service is, the going rate for the services, right? >> absolutely. you'll get quote and thing all over the place. the converter needs repaired. go on repairpal.com, put in year, make and model and find out what the cost is the in your area. might be cheaper in a slightly different zip code. you mind watt to drive 50 miles and save. do your homework online and shop around. you don't have to go to the one shop. >> sometimes you say when something goes wrong with your car, this might be something wrong with that actual model and make. you've got to make a phone call first? >> first rule of thumb, when something goes wrong i call, only call, the service department of that manufacturer. say are there technical service bullets known at tsbs or recalls if there are, you can actually have the prepare done for free. why pay for it with an independe independent? check it out. >> this is what you fear. that you go and you're going to get sold u
lauren fix joins us and gives us the edge. the car coach. lauren, listen, you say you've got to know what the service is, the going rate for the services, right? >> absolutely. you'll get quote and thing all over the place. the converter needs repaired. go on repairpal.com, put in year, make and model and find out what the cost is the in your area. might be cheaper in a slightly different zip code. you mind watt to drive 50 miles and save. do your homework online and shop around. you...
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Aug 25, 2009
08/09
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what the fed can do to help us. i want the fed toothless because all the economy needs is a stable dollar to use as measuring stick so they know how to consume and investors measure investments. all the rest of this stuff is noise where it gets us every few years talking about the latest financial crisis. we need to greatly reduce the fed's mandate, about a stable dollar, that has the one thing they can actually control. >> john, you just mentioned the treasury, i think you're bringing another actor in. actually, ben's biggest challenge is the obama treasury and large deficits we have going forward. we all know we can easily get into the feedback loop if folks lose confidence in the dollar, interest rates go up, we end up having an ever bigger deficit. >> larry, why doesn't mr. bernanke call a halt to buying treasury bonds, which does smack of debt monetization? and why doesn't he call a halt to buying all the mortgage bonds which kind of smacks of trying to control market interest rates which is futile? why doesn't
what the fed can do to help us. i want the fed toothless because all the economy needs is a stable dollar to use as measuring stick so they know how to consume and investors measure investments. all the rest of this stuff is noise where it gets us every few years talking about the latest financial crisis. we need to greatly reduce the fed's mandate, about a stable dollar, that has the one thing they can actually control. >> john, you just mentioned the treasury, i think you're bringing...
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Aug 14, 2009
08/09
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would you speak to us. we wanted the reaction to the sentencing. >> when you see her sitting there complaining and now she will make money on book, it makes me feel -- she scheming. >> it is a free market. to that point, if you don't have any money and have means of making money -- >> i understand that, but to act -- i don't know. >> to call it skeefy, it's hard to judge. it makes your -- >> do we know if she knew anything about it? that has to be 20 years on whatever it is. >> we don't know. i don't know. i haven't seen the book and i don't know if she is being investigated. we asked her. i asked her during this time, there was talk that these charities received higher rates of return and she said she never at any point received a more favorable return personally or through them. >> boom, here it is and all of them are getting advanced play. >> when i spoke to her in june, she and her husband just had to sell their house and move somewhere else because they could no longer afford it. >> yikes. see you late
would you speak to us. we wanted the reaction to the sentencing. >> when you see her sitting there complaining and now she will make money on book, it makes me feel -- she scheming. >> it is a free market. to that point, if you don't have any money and have means of making money -- >> i understand that, but to act -- i don't know. >> to call it skeefy, it's hard to judge. it makes your -- >> do we know if she knew anything about it? that has to be 20 years on...
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Aug 10, 2009
08/09
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joining us is president and ceo of the cleveland clinic. good to have you with us again. i know this is an issue. you feel passionately about this at the cleveland clinic and put a lot of things into place. i want to go to the americans with disabilities act. it appears difficult for them to lose weight, giving bonuses for doing so. because of that act. >> it is possible to give people bonuses for reductions weight t and around their insurance and copays and that's what steve bird has done and one of the programs we are interested in looking at. >> that are goes to the insurance company. >> that's something that reduces your cost. >> is this something that we could roll out and have a standard for all employer-provide or individual health care? >> that is something that is possible to do right now and many companies are doing that and this is one of the things that is incenting people to lose weight because it reduces their copay on their insurance. if they get down 10%, then the next year they get that additional money back if they come down-another 10%. >> i'm trying to
joining us is president and ceo of the cleveland clinic. good to have you with us again. i know this is an issue. you feel passionately about this at the cleveland clinic and put a lot of things into place. i want to go to the americans with disabilities act. it appears difficult for them to lose weight, giving bonuses for doing so. because of that act. >> it is possible to give people bonuses for reductions weight t and around their insurance and copays and that's what steve bird has...
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Aug 18, 2009
08/09
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cnbc asia's amanda drury joins us on set to help us with this trade. so, is it true, can the u.s. recover without china in any way? >> well, i think it's going to be very hard for you boys to get a grip on this, but actually, all roads do not lead to wall street. increasingly, yes -- >> what is that? i can't believe what i'm hearing! >> she speaks in tongues. >> i'm speaking australian. anyway, let me explain it in english. increasingly, it seems as if all roads are leading to and from shanghai, because obviously, economic power is gradually also shifting over to the east, and the crisis has sped this up, right? people are now arguing, if you look over the last two years, the shanghai market has actually been quite a reliable global indicator, a leading indicator as to what's going to happen with worldwide stocks. >> stock market as opposed to the economy. >> absolutely. stock market. >> even though it's an immature market that doesn't have a lot of the efficiencies -- >> even though it's an immature market that doesn't quite function exactly the same way as say the market here. f
cnbc asia's amanda drury joins us on set to help us with this trade. so, is it true, can the u.s. recover without china in any way? >> well, i think it's going to be very hard for you boys to get a grip on this, but actually, all roads do not lead to wall street. increasingly, yes -- >> what is that? i can't believe what i'm hearing! >> she speaks in tongues. >> i'm speaking australian. anyway, let me explain it in english. increasingly, it seems as if all roads are...
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Aug 9, 2009
08/09
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you can't use it. now, remember, the 30 to 35% includes your housing payment, that'sure mortgage or rent, property taxes on the home, and rental or home insurance. all of that together, 30 to 35%. now, if you spend more -- because understand you're going to have much less to save or pay off debt. a lot less flexibility. think of your whole budget as a pie, right? you've got 100% there. so few you eat there, something's got to give. keep flexible. keep your housing costs low. that's what i mean, my friend. thank you so much, steve. >>> if you have a question this you'd like in the otm spotlight e-mail me at carmen@cnbc.com. and next on suze, make sure to catch tonight's web extra where we hit the high seas with even more on cruise savings. check it out. and next week, it's a question i get all the time. carmen, save me money. from banking fees to airline fees to 401(k) plans to buying a new car. next week, a special hour about saving money. if you missed show or want to catch it again organization u can
you can't use it. now, remember, the 30 to 35% includes your housing payment, that'sure mortgage or rent, property taxes on the home, and rental or home insurance. all of that together, 30 to 35%. now, if you spend more -- because understand you're going to have much less to save or pay off debt. a lot less flexibility. think of your whole budget as a pie, right? you've got 100% there. so few you eat there, something's got to give. keep flexible. keep your housing costs low. that's what i mean,...
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Aug 12, 2009
08/09
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if nothing is stopping us now. >> come back us to us. the pre-lehman call. what do you see? >> i agree. i think the market looks good. the negative case is always more articulate, always more compelling, always more rational because it deals with the present. the market deals with the future. you can always make the bad case. i think this market is telling you look ahead because that's what the market is doing. >> corporate bond rallies, you had a phenomenal rally in the price of corporate bonds both investment grade and so-called high yield junk. the rates have plunged and credit spread against treasuries narrowed. we're back to pre-lehman and back on the short term money market things like libor spread. does that inform you on getting back to the pre-lehman call ed yardeni suggested? >> the market is past that and also a function of safety. basically, the market has said is history, let's deal with the future. >> what about financials? people are getting cold feet. we had dick bove on last night, no profits in the second half of the ye
if nothing is stopping us now. >> come back us to us. the pre-lehman call. what do you see? >> i agree. i think the market looks good. the negative case is always more articulate, always more compelling, always more rational because it deals with the present. the market deals with the future. you can always make the bad case. i think this market is telling you look ahead because that's what the market is doing. >> corporate bond rallies, you had a phenomenal rally in the price...
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Aug 18, 2009
08/09
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deal to use biofuels. we'll be joined by the ceo, rentech to discuss how it may help change the way we fly the friendly skies. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac! cornwell. >>> eight u.s. airlines have taken a greene approach tonight signing a multiyear deal with biodiesel synthetic fuel, rentech used for ground operations at l.a. international airport but could pave the way for the use of synthetic jet fuel. joining us is rentech's ceo. thank you for joining us. >> how are you, bill? >> what is this fuel that will be used for the ground operations at l.a.x.? >> the ground fuel we'll be making for l.a.x., taking woody greenways in california, greenways from yard clippings and conve
deal to use biofuels. we'll be joined by the ceo, rentech to discuss how it may help change the way we fly the friendly skies. oof! i hope he has that insurance. aflac! you really need it these days. how come? well if you're hurt and can't work it pays you cash... yeah to help with everyday bills like gas, the mortgage... ...and groceries. it's like insurance for daily living. so...what's it called? uhhhhh aflaaac!!!! oh yeah! that's it! aflac. we've got you under our wing. a-a-a-aflaaac!...
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Aug 5, 2009
08/09
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mark, great to have you with us. all the traders on this desk believe john chambers is going to be pretty optimistic tomorrow. i am of the camp that he will be conservative. where do you fall? >> i kind of agree more with the group there. >> yeah, okay. >> hate to say it. but you know, he typically -- you take some of his cues from the stock market, you know, as a good predictor of the longer-term outlook, and our sense is that he's going to talk about, you know, business stabilizing globally with some signs of a recovery in the u.s., you know, following five or six quarters of down ticks. >> at the same time, isn't this fairly priced into the stock? i mean, cisco's gotten a couple of upgrades. oppenheimer in the recent weeks. the stock's had quite a run. aren't we expecting the positive comments from chambers already? and so therefore, what would the move be if he actually fulfills expectations? >> yeah, that's a tough read. we're towards the end of earnings season and we've heard from a lot of folks, you know, thei
mark, great to have you with us. all the traders on this desk believe john chambers is going to be pretty optimistic tomorrow. i am of the camp that he will be conservative. where do you fall? >> i kind of agree more with the group there. >> yeah, okay. >> hate to say it. but you know, he typically -- you take some of his cues from the stock market, you know, as a good predictor of the longer-term outlook, and our sense is that he's going to talk about, you know, business...
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Aug 27, 2009
08/09
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us they highlighted this. we knew in this economy we had to offer consumers a value to get them to act. that's why we provided the discount. as you metaphored before, much similar to what was done with the cash for clunkers program. >> in order to dispose of all these items, is it going to cost you money or make you money in new sales? >> you know, i'm not really sure weights going to happen at the end of the day. we know it's going to take a lot of work and effort. we have been planning this for many, many months. we started planning this long before cash for clunkers but it doesn't matter. we're glad cash for clunkers was a success. it's a very difficult logistics challenge. we're thrilled about this, excited about this. you can bring in as many products as you have, day care centers can bring in all of their products. the covered categories are cribs, car seats, strollers, travel systems, bassinets, playyards. these are the big ticket items when you have a baby. it's a great way of saving money on them as w
us they highlighted this. we knew in this economy we had to offer consumers a value to get them to act. that's why we provided the discount. as you metaphored before, much similar to what was done with the cash for clunkers program. >> in order to dispose of all these items, is it going to cost you money or make you money in new sales? >> you know, i'm not really sure weights going to happen at the end of the day. we know it's going to take a lot of work and effort. we have been...
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Aug 6, 2009
08/09
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we're using it right. now i'm telecommuting with you right now with this video feed from chicago to new york. >> let me ask you one quick question and then we have to go. one of the problems i have with your company, it is a high quality problem. you have so much cash, you can't earn any money. what will you do with the cash? >> my competitors would love to know what i would do with that cash. let me suffice it to say, we are very customer focused and shareholder focused. we'll do the right thing for our customers and shareholders. >> you have a great story. thank you so much, sir, for coming on. appreciate it. >> thank you. i really appreciate it too, thank you. >> a sweet spot. look, i know we're on it but i wouldn't sell a shafrl as a matter of fact, under $6. bye, bye, bye. >>> coming up, cramer gives you the next name in his legion. tonight jim is going overseas to norway to unearth an onshore drilling stock. that could be poised to strike some mad money. >>> and later, the clock is ticking. h whoa! h
we're using it right. now i'm telecommuting with you right now with this video feed from chicago to new york. >> let me ask you one quick question and then we have to go. one of the problems i have with your company, it is a high quality problem. you have so much cash, you can't earn any money. what will you do with the cash? >> my competitors would love to know what i would do with that cash. let me suffice it to say, we are very customer focused and shareholder focused. we'll do...
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Aug 21, 2009
08/09
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we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. >>> at the federal reserve's annual meeting in jackson hole, chairman ben bernanke said that the u.s. economy is leveling out and that near-term growth prospects appear good. the speech is being called a victory lap by some fed watchers, but is it too early to celebrate? joining me now to talk about that is chris lowe, chief economist with ftn financial, and dan alpert, managing director at westwood capital. gentlemen, good to have y
we can't use them for a vacation. you can use the points for just about anything. i know... ♪ the way you look tonight ♪ chase what matters. get your new chase sapphire card at chase.com/sapphire. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick....
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Aug 4, 2009
08/09
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burps and company also joining us this morning to talk to us about strategy. j.j., it seems as though either the bears have thrown in the towel or some of them have drunk the cool aid and are giddy about this market at this point. what is your feeling about the gains that we've seen? >> i think when you look back and start to do historical comparisons and you have to go back to 1929, 1932, because this is clearly the worst economic crisis we've had since post world war ii. we haven't just had a market decline. we've had a credit bubble, which ultimately led to a real estate bubble which has now gone on to a consumer bubble. this could very well be just as bad as japan has had for almost a 20-year bear market. although i think the stimulus and the response to this is more actively pursued and positive in the united states. i just believe this is not going to be a sustained recovery. i think it's important to point out to most of the investors out there that if you've missed this rally, you've only missed about the top 10%, 15%. we feel that we need to wait arou
burps and company also joining us this morning to talk to us about strategy. j.j., it seems as though either the bears have thrown in the towel or some of them have drunk the cool aid and are giddy about this market at this point. what is your feeling about the gains that we've seen? >> i think when you look back and start to do historical comparisons and you have to go back to 1929, 1932, because this is clearly the worst economic crisis we've had since post world war ii. we haven't just...
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Aug 27, 2009
08/09
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. >> that does it for us. we will see you tomorrow. >> street signs with melissa francis begins in 30 seconds. see you tomorrow. california gets a loan from jpmorgan chase that it will use to pay i being ous. freddie mac said the average fixed rate mortgage is 5.1%, up two basis points. they had a 36 million dollar fine against the pitchman and he was in violation of a prior order of misleading advertising and felt the fine was inappropriate. that's the news now. i'm julia boorsten. >> you are looking live with the stock exchange with two hours left in the trading day. the dow is back in the black staging a triple-digit turn around. the stock of the day up 25%. we will have the mystery times in for erin burnett. here's what the street is talking about at this hour. clunker nomices. it worked for cars and is it a proposed program doomed to fail? it's the dinosaur of dot-comes. should craig's list get with the program? is it time for an obama beer program? should he keep bud light from costing more? all that and
. >> that does it for us. we will see you tomorrow. >> street signs with melissa francis begins in 30 seconds. see you tomorrow. california gets a loan from jpmorgan chase that it will use to pay i being ous. freddie mac said the average fixed rate mortgage is 5.1%, up two basis points. they had a 36 million dollar fine against the pitchman and he was in violation of a prior order of misleading advertising and felt the fine was inappropriate. that's the news now. i'm julia boorsten....
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Aug 11, 2009
08/09
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thanks for joining us. thanks for taking off the jacket, getting -- roll being up the sleeves, ready to go. >> ready to go. >> we are a business network but there are times when you watch what's happening in the country and we have to start with that. what do you make of these -- of the polarization at these town hall meetings and the response from both sides? it's interesting to watch. >> it's been fascinating. washington, d.c. has gotten to be really partisan. you're used to yelling at each other, and i was part of that for 12 years. it's gotten increasingly worse. you're used to that give and take with republican, democrat, liberal. usually if the green room before shows, not this show but other shows you're saying, go at it. what's unusual this time around, like an op-ed yesterday, the democratic leadership wrote, you have the politicians going after the people. it's the people out there really these politicians are serving so i think we need to be careful. >> it's counterproductive. i don't think they
thanks for joining us. thanks for taking off the jacket, getting -- roll being up the sleeves, ready to go. >> ready to go. >> we are a business network but there are times when you watch what's happening in the country and we have to start with that. what do you make of these -- of the polarization at these town hall meetings and the response from both sides? it's interesting to watch. >> it's been fascinating. washington, d.c. has gotten to be really partisan. you're used to...
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Aug 8, 2009
08/09
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send us an e-mail. optionsactions.cnbc. >>> up next wbl shares of ge around some 30% in the last month punish dan delivereden options activity. >> time for pump up the volume. the names that were heating up options traders sizzle index this week. founded in 1992 and listed on the nasdaq four years later, this pharmaceutical company had the most successful antibiotic launch in u.s. history. now it's expanding use of its popular cubiza drug, the company that be the target of speculation. snow [ water ] hey, it's me -- water. did you know that when you filter me from your tap i'm pretty much the same as i am in a plastic bottle? well, that's not entirely true. see, at home, i'm 10 times cheaper. other than that, though, i'm pretty similar. oh, wait, there's no expiration date. and i don't have to get shipped all around the country. but other than the costing, the expiring thing, and the shipping thing, we're pretty much the same. pur. good, clean water. general electric stock. the stock has been on fire, b
send us an e-mail. optionsactions.cnbc. >>> up next wbl shares of ge around some 30% in the last month punish dan delivereden options activity. >> time for pump up the volume. the names that were heating up options traders sizzle index this week. founded in 1992 and listed on the nasdaq four years later, this pharmaceutical company had the most successful antibiotic launch in u.s. history. now it's expanding use of its popular cubiza drug, the company that be the target of...
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Aug 21, 2009
08/09
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the big word he used was good. we haven't seen him use good for a while. after considering sharply, they appear to be leveling out in the united states and the broader protects chlg they appear to be good. they used the phrase "leveling without". he did with those as well. including additional loss and it is household credit being difficult. it will always lead it a slow recovery and a gradual decline. i want to show you the viewers with a couple of ideas that came out where papers are being presented. the economist and the studies of these 200 financial crisis and ones like this are likely to be returning to growth in 2010. that will be good growing, but getting back to the gdp levels. he warns if we have a currency crisis, it would take longer. one other interesting idea that came out today, i want to tell you about that. an ideom a former central basicer and all the excess reserves on the books, why don't we tax them if they don't lend them. he suggested a quarter point tax on the excess reserves so they are motivated to lend them to the e condition me.
the big word he used was good. we haven't seen him use good for a while. after considering sharply, they appear to be leveling out in the united states and the broader protects chlg they appear to be good. they used the phrase "leveling without". he did with those as well. including additional loss and it is household credit being difficult. it will always lead it a slow recovery and a gradual decline. i want to show you the viewers with a couple of ideas that came out where papers...
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Aug 16, 2009
08/09
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great to have you with us. these are the traders at the home of the world's third largest options market that would be the nasdaq market site and across the nation in the windy city, chicago, as well as the city of brotherly love in philadelphia. stocks rebounding from their morning lows shrugging off weak economic news that weight on industrial and material names, oil falling 4% today and yet volatility continues to ooze out of the market. does smart money sense another leg higher. let's get into the money right now. even with the pullback, the market has remained in a tight range over the past two weeks with the s&p 500. one reason the lack of participation from these guys. exxon mobil, procter & gamble and walmart, some of the largest components of the s&p weighting, all down on the year. we need to see participation to move higher. >> there's no question about that. we can't have the market continue to go higher driven exclusively by tech names and a couple high beta names up 150% on the year already. one o
great to have you with us. these are the traders at the home of the world's third largest options market that would be the nasdaq market site and across the nation in the windy city, chicago, as well as the city of brotherly love in philadelphia. stocks rebounding from their morning lows shrugging off weak economic news that weight on industrial and material names, oil falling 4% today and yet volatility continues to ooze out of the market. does smart money sense another leg higher. let's get...
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Aug 29, 2009
08/09
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you have to use your own judgment here. a good rule of thumb is that once one of these hot stocks has at least four analysts covering it, up from zero, okay? four, the run is almost over. you can find how many guys are on stock by looking it up anywhere on the internet. this isn't hard to find, it's there. this formula has worked for me as long as i can remember even though no one else uses it now, you can. as far as i can tell, it works because the number of analysts on the stock is an excellent gage how much awareness, sponsorship and interest there is in the stock. hot stocks get tapped out when there's nobody left to be attracted or promote them, when all the people who are going to buy them have already bought, there already is, they come out of nowhere, attracting more and more attention, more and more backers and eventually, there's no one left to buy. it's full up. when that happens, the run is over and it's time -- >> sell sell sell! >> to go. let me give you the quintessential example so you know what i'm talking
you have to use your own judgment here. a good rule of thumb is that once one of these hot stocks has at least four analysts covering it, up from zero, okay? four, the run is almost over. you can find how many guys are on stock by looking it up anywhere on the internet. this isn't hard to find, it's there. this formula has worked for me as long as i can remember even though no one else uses it now, you can. as far as i can tell, it works because the number of analysts on the stock is an...